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EC tax probe accelerates in Europe

EC tax probe accelerates in Europe
30 Sep 2014

First published in The Toronto Star, 29 September 2014

The EU’s investigations focus on so-called transfer-pricing arrangements on taxing commercial transactions between company units, the EU’s antitrust arm said in June when it opened formal tax probes covering several multi-national corporations.

Looking “into the tax affairs of a number of high-profile multinationals including Starbucks Corp., Fiat SpA and Apple for violation of state aid is a knee-jerk reaction to appear on the front-foot,” said Frederic Donnedieu, Chairman of Taxand.

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